Post Budget comment from Nigel Mills

Posted on the 17 March 2016

Post Budget comment from Nigel Mills

Entrepreneurs’ Forum Chairman Nigel Mills said: “I am pleased to see no changes to schemes that encourage investment in small business like SEIS and EIS. On the whole, this Budget delivers a number of opportunities for small and growing businesses, it is now up to the business community to take these and run with them. Business Rate reform will be a big help to smaller businesses, while the cut in Corporation Tax are an opportunity for all North East companies to scale up and create employment.

“The new £1,000 allowances for property and trading income could give some people the incentive they need to take their first step into the world of entrepreneurship. The Chancellor’s decision not to increase fuel duty a positive too, as it is estimated that this will save small businesses hundreds of pounds a year.”